PennyMac (NYSE: PFSI) CRO logs tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PennyMac Financial Services Chief Revenue Officer Abbie Tidmore reported a small tax-related share disposition. On this Form 4, 171 shares of common stock were withheld at $92.01 per share to cover taxes due upon the vesting of restricted stock units, rather than being sold in the open market.
After this tax-withholding disposition, Tidmore’s direct holdings total 7,671 shares of PennyMac common stock, consisting of 7,065 restricted stock units that will settle in an equal number of shares upon vesting and 606 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tidmore Abbie
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 171 | $92.01 | $16K |
Holdings After Transaction:
Common Stock — 7,671 shares (Direct)
Footnotes (1)
- Represents shares withheld for taxes upon vesting of restricted stock units. The reported amount consists of 7,065 restricted stock units and 606 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
FAQ
What insider transaction did PennyMac (PFSI) report for Abbie Tidmore?
PennyMac reported that Chief Revenue Officer Abbie Tidmore had 171 shares of common stock withheld to cover taxes on vesting restricted stock units, a routine tax-withholding disposition rather than an open-market sale, as disclosed in a Form 4 filing.
Was the PennyMac (PFSI) Form 4 transaction an open-market sale?
No, the Form 4 indicates a tax-withholding disposition, not an open-market sale. The 171 shares of PennyMac common stock were withheld to satisfy tax obligations triggered by the vesting of restricted stock units held by Abbie Tidmore.
What does transaction code F mean in the PennyMac (PFSI) Form 4?
Transaction code F in the Form 4 denotes payment of exercise price or tax liability by delivering securities. Here, it reflects 171 PennyMac shares being withheld for taxes when Abbie Tidmore’s restricted stock units vested, rather than a discretionary share sale.